Business Facilities

DECEMBER 30, 2020

The Hartford Region is home to the headquarters of most of the leading global players in the insurance sector. The insurance industry generates more than $16 billion in output in the region, employing more than 70,000. Read: Insurance Industry Locations: Shaping The New World Of Insurance at BusinessFacilities.com.

Insurance 144

Insurance Industrial Employment New Jersey 144

Construction Business Owner

AUGUST 16, 2018

Twenty years ago, no one had heard of cyber insurance, and a hacker was someone with a cough. As recently as 10 years ago, many people still did not know how exposed they were to clandestine attacks on their data.

Insurance 315

Insurance 315

Levelset

SEPTEMBER 14, 2022

Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.

Insurance 98

Insurance Liability Injury Contractors 98

Construction Business Owner

NOVEMBER 19, 2019

Many contractors, subcontractors and developers often do not realize that there are perhaps dozens of exclusions buried in the hundreds of pages of these CGL insurance policies that allow an insurance company to deny coverage for these claims. Find out more here. .

Insurance 208

Insurance Construction Contractors Claims 208

Construction Dive

AUGUST 16, 2023

Required disclosures could prompt more lawsuits as plaintiffs leverage what companies file with the agency, driving an increase in insurance exclusions, industry experts say.

Insurance 62

Insurance Industrial 62

Levelset

MAY 23, 2022

One way to help protect yourself from some of these perils is by having business interruption insurance for construction. This type of insurance can help ensure that you’re able to continue operations if something happens that causes you to lose income. What does business interruption insurance cover ?

Insurance 97

Insurance Contractors Construction Claims 97

Construction Equipment

JANUARY 6, 2021

Zurich North America offers Construction Weather Parametric Insurance does not require physical loss or damage in order to claim weather-related losses. Parametric insurance sets predetermined parameters and payments—agreed upon by the insurer and the customer during the application process—for…

Insurance 117

Insurance America Construction Claims 117

Levelset

MARCH 31, 2022

In turn, the owner is relying on the insurance company to pay their claim. After all, the faster the insurance company pays the owner, the quicker you can get paid ! Dig deeper: What contractors need to know about the insurance claims process. You don’t work for the insurance company or the adjuster, and they don’t work for you.

Contractors 93

Contractors Insurance Deals Estimating 93

Construction Law

MARCH 1, 2021

Insurance has never felt cheap to companies in the construction sector, although many or most of them never took the sort of risk management measures highlighted in our regular insurance articles, so to a large extent often had only themselves to blame if they were paying higher premiums than they need have. Premiums soared.

Insurance 97

Insurance Construction Contractors Risk 97

Levelset

SEPTEMBER 23, 2022

Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? While there isn’t a cut-and-dry answer to these questions, we’ll take a deeper look into insurance coverage and what happens in these situations. Who is covered by an insurance policy?

Insurance 52

Insurance Contractors Liability Accidents 52

Construction Business Owner

JULY 6, 2016

The construction insurance market is responding positively to these efforts, rewarding owners and builders that are operating their businesses efficiently and managing their risks properly with lower insurance premiums, broader coverage and higher limits.

Insurance 164

Insurance United States Construction Risk 164

Construction Equipment

FEBRUARY 8, 2021

Insurance companies offer usage-based insurance (UBI) in the automotive industry, but heavy equipment managers will probably not find anything similar for several years. UBI uses telematics to tie insurance costs to the way a vehicle is operated. Equipment managers may still benefit from telematics…

Insurance 118

Insurance Equipment Industrial Management 118

Construction Business Owner

DECEMBER 20, 2020

How to Get Better Options in Today’s Hard Insurance Market. One thing underwriters have made abundantly clear during this challenging renewal environment is that simply blasting a submission to multiple insurance carriers to find competitive pricing, will not produce the effective results it may have in the past. Greg Ragsdale.

Insurance 156

Insurance Virgin Islands Puerto Rico Samoa 156

Levelset

SEPTEMBER 7, 2022

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.

Liability 52

Liability Insurance Contractors Injury 52

Levelset

SEPTEMBER 30, 2022

Insurance is one part of a strategy to keep your carpentry business financially healthy. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. . What is carpenter insurance? Does a carpenter need insurance? Insurance serves another purpose.

Insurance 52

Insurance Liability Accidents Injury 52

Levelset

OCTOBER 14, 2022

Plumbing contractors should include business insurance as an integral part of their financial strategy. With numerous policies available, the plumbing contractor’s insurance landscape offers many ways for you to protect your physical and financial business assets. What is plumber’s insurance? Worker injury.

Insurance 52

Insurance Injury Contractors Liability 52

Construction Business Owner

JUNE 18, 2018

Why you should work with an insurance broker who understands & takes steps to protect every aspect of your business operations. If your insurance broker is simply negotiating pricing and accepting the terms and conditions offered by carriers and underwriters, it is time to hire a new broker. .

Insurance 135

Insurance Negotiation 135

Levelset

JUNE 3, 2022

Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. Project loss insurance coverage. How project loss insurance works. How much does project loss insurance cost?

Insurance 52

Insurance Contractors Cash Flow Construction 52

Levelset

AUGUST 31, 2022

Whether you’re just starting your business or looking to change insurance carriers, it pays to go with a company that has experience and knowledge in providing insurance for the construction industry. These days you can purchase insurance on your own or go through a local agent. Best construction insurance companies.

Insurance 52

Insurance Construction Liability Contractors 52

Construction Business Owner

JUNE 8, 2017

Yet, even as equipment has become safer, highway fatalities are increasing at an alarming rate, and insurance companies have targeted distracted driving from cell phone use as a contributing factor.

Insurance 137

Insurance Equipment Management 137

Levelset

SEPTEMBER 6, 2022

An insurance policy rarely meets every contractor’s needs out of the box. One of the most common endorsements you’ll likely encounter involves additional insured (AI) parties. While it may sound unusual, adding additional insureds is common and extends benefits both to you as a policyholder – and the party being named on the policy.

Insurance 52

Insurance Construction Liability Contractors 52

Levelset

SEPTEMBER 16, 2022

Your base insurance policy may offer some coverage for unexpected damage to some business property, but making assumptions about the extent of coverage could lead to some financial distress. . An equipment floater offers insurance protection for your business property as it moves from location to location. What is an equipment floater?

Equipment 52

Equipment Contractors Insurance Residential 52

Pro Builder

JUNE 12, 2023

Home Insurance for Today’s Home Builder kcichowicz Mon, 06/12/2023 - 13:09 Modern insurance with today’s builder in mind. See why Westwood helps close homes on time, every time. Did You Know? Video Did You Know? Video sponsored

Insurance 40

Insurance 40

Pro Builder

JUNE 12, 2023

Home Insurance for Today’s Home Builder kcichowicz Mon, 06/12/2023 - 13:09 Modern insurance with today’s builder in mind. See why Westwood helps close homes on time, every time. Did You Know? Video Did You Know? Video sponsored

Insurance 40

Insurance 40

Levelset

AUGUST 26, 2022

When working in construction, your insurance policy gets issued as a fairly standard contract. Like a basic construction agreement, you can upgrade or downgrade your insurance policy just as a customer might do with the fit and finish of a building. What is an insurance endorsement? How insurance endorsements work.

Insurance 52

Insurance Liability Contractors Construction 52

Construction Business Owner

JUNE 21, 2016

One approach is to require one party to list the other, protected party as an additional insured on its own purchased insurance policies, thereby giving the protected party direct access to insurance coverage. There are numerous ways that contract parties can shift the risk of certain types of losses between each other.

Insurance 132

Insurance Liability Agreement Contract 132

Levelset

SEPTEMBER 19, 2022

As you dig deeper into your construction insurance policy, you may come across the terms first-party insurance and third-party insurance. Mastering the difference between these two concepts is crucial to understanding how different types of construction insurance protect you.

Insurance 52

Insurance Liability Contractors Compensation 52

Levelset

SEPTEMBER 2, 2022

Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.

Insurance 52

Insurance Construction Liability Contractors 52

Pro Builder

MAY 10, 2021

FEMA Moves to Improve Flood Insurance Program. NAHB Policy Brief | The next phase of the National Flood Insurance Program is supposed to better reflect the actual risks to properties; builder confidence increased during April. . As a result, some insurance rates will go up while others will go down. Mon, 05/10/2021 - 06:00.

Insurance 97

Insurance NAHB Risk Construction 97

Business Facilities

OCTOBER 7, 2021

Biometrics, artificial intelligence and blockchain are being embraced by the financial services and insurance sectors, fueling a wave of fintech startups. The post Finance & Insurance: Fintech’s Future Is Now appeared first on Business Facilities Magazine - Area Economic Development, Site Selection & Workforce Solutions.

Insurance 64

Insurance Finance Site North Carolina 64

Construction Marketing

SEPTEMBER 25, 2018

Filing a roof replacement insurance claim may be your only chance of taking care of the necessary repairs and renovations, especially after a huge storm, water damage, or other calamities and catastrophes. This having been said, here are 5 tips for filing a roof replacement insurance claim. Contact the Insurance Policy.

Insurance 120

Insurance Claims Inspections Contractors 120

Construction Business Owner

FEBRUARY 18, 2016

Like many businesses, the insurance industry is cyclical in nature. The insurance cycle is important to business owners because it directly impacts insurance premiums. As for insurance pricing today, Table 1 provides a historical picture of insurance industry rates calculated by MarketScout, with 2004 as the base year.

Insurance 120

Insurance Forecasting Profitability Industrial 120

Construction Business Owner

JULY 6, 2016

The construction insurance market is responding positively to these efforts, rewarding owners and builders that are operating their businesses efficiently and managing their risks properly with lower insurance premiums, broader coverage and higher limits.

Insurance 164

Insurance United States Construction Risk 164

Levelset

MARCH 21, 2022

Even though the insurance company isn’t your customer, the property owner may be depending on that insurance check to pay for your work. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet.

Cash Flow 98

Cash Flow Insurance Lien Contractors 98

Levelset

OCTOBER 20, 2022

Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance? Insurance policies can help your business cover the costs of both minor and major incidents.

Insurance 52

Insurance Contractors Liability Electrical 52

Levelset

AUGUST 5, 2022

Construction insurance can be confusing. Each contractor and party to the project has their own insurance, which may or may not be adequate to protect the work they’re performing. Learn more: What types of insurance do contractors need? Learn more: What types of insurance do contractors need? CCIP vs. OCIP insurance.

Insurance 52

Insurance Construction Contractors Liability 52

Levelset

APRIL 28, 2022

Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors. What is subcontractor default insurance? How SubGuard insurance works.

Contractors 52

Contractors Insurance ABC Claims 52